tv Way Too Early With Willie Geist MSNBC May 11, 2012 5:30am-6:00am EDT
what prince charles often does and text the word awake followed by a response to 622639. we'll read the best responses later in the show. the next 30 minutes will be your cram session for this friday, may 11th. a massive bombing in syria that has ripped that country even further apart today. we'll have a report from richard engel. plus a tradition unlike any other. yes, it's that time of the year, again. time for some ritual indian baby tossing. highlights of this year's events later in the show. first let's get to the news live at 5:30 a.m. president obama is off to reno, nevada, this morning after a record-setting fund-raiser last night in california. about 150 people paid 40 grand a pop to attend a backyard dinner party with the president at the home of george clooney. the president spoke for about 19 minutes but it was enough to rake in $15 million.
most of that money came through an online raffle where thousands of people paid for a chance to win a ticket to the event. the lucky winners included a new jersey science teacher and a utility worker from florida. they rubbed elbows with the likes of salma hayek, jack black, robert downey jr., billy crystal and many, many others. the president highlighted his public endorsement of gay marriage a day earlier, calling it a quote, logical extension of his vision for the country. he also alluded to the subject during an earlier fund-raiser in seattle. >> you should be able to give your kids the chance to do even better than you. no matter who you are, no matter where you come from, no matter what you look like, no matter what your last name, no matter who you love. >> aside from the fund-raiser the obama campaign also looking to capitalize on the issue through a campaign e-mail and video. the mitt romney says the president should not use his status on gay marriage as what he calls a ploy for campaign cash. >> i hope the issue as tender
and sensitive as the marriage issue is, is not a source of fund-raising for either of us. you don't change your positions to try and win states or certain sub groups of americans. you have the positions you have. >> president obama, meanwhile, has accepted an apology, we're told, from vice president joe biden who pushed the gay marriage issue into the spotlight with his comments on sunday's "meet the press." although it forced the president to speak out sooner than he had planned to, he told abz that he knew the vice president's comments came from a good place. >> i had already made a decision that we were going to probably take his position before the -- before the election, and before the convention. he probably got out a little bit over his skis, but out of generosity of spirit. >> so you're not upset with anybody? >> would i have preferred to have done this in my own way? in my own terms? without, i think there being a
lot of notice, sure. but, all's well that ends well. >> meanwhile mitt romney is responding to a "washington post" story about his role in an alleged bullying incident that took place about a half a century ago. "the post" quotes former classmates who describe an incident in 1965, when romney and a group of friends allegedly targeted a boy with bleached blond hair. according to the report they quote tackled him and pinned him to the ground and then, quote, romney repeatedly clipped his hair with a pair of scissors. "the post" said the student was quote perpetually teased for his nonconformity and presumed homosexuality. but romney says he never even thought about the student being gay. romney says he did not even remember the incident. it's being reported, but admits he participated in some pranks when he was a teenager that may have gone too far. >> i don't recall the incident myself. but i've seen the reports. not going to argue with that. there's no question but that i did some stupid things when i was in high school.
and obviously if i hurt anyone by virtue of that, i would be very sorry for it and apologize for it. >> romney campaigns in charlotte, north carolina, today, which is, of course, the home of the democratic national convention in september. now to some huge business news where jpmorgan chase's stock is taking a different this morning coming off the company's surprise announcement that it suffered trading losses of $2 billion just in the past six weeks. ceo jamie dimon who has a pretty spotless record on wall street says the losses were caused by sloppiness and bad judgment. dimon adds the bank could face an additional billion dollars in losses inned second quarter. we turn now to london and get the details from cnbc's karen cho. karen, fill us in more on this story. >> good morning, killy. this story started to emerge about a month ago when there was talk in the markets about a trader who started to amass a huge position in the markets, so much so that it was starting to distort the market. he was basically buying large
positions in a credit index to try and hedge jpmorgan's risk. now at the time, jpmorgan came out and said it was basically a storm in a teacup but since then that trade has really gone against the bank, it's forced jpmorgan to acknowledge the $2 billion in losses in its portfolio. also it's left it with egg on its face as it really suffers that dip in its profits. why this is so serious is because where it was sitting in the bank, these were losses the bank's chief investment officer, this is a core part of treasury at jpmorgan. it is the area for managing the entire firm's balance sheet. so the admission from jamie dimon that this was poorly managed really says something about the risk and management and controls in this portion. there's also sector wide implications here which is why you've seen so much nervousness through the banking sector. you must recall that jpmorgan was one of the titans of wall street and really rose through the financial crisis. since then jamie dimon has been asking or lobbying for these
regulations to be wound back. he's been pointing out the volcker rule which forbids banks to place large bids should be allowed some exception for likes of hedging and market making, facilities. but now that we've seen this story many people are saying prop trading is just happening in banks but under a different guise so this story has enormous ramifications for regulation. >> great report, karen, thank you so much. jamie dimon taking full responsibility yesterday saying the bank strategy was flawed, complex, poorly reviewed, poorly executed and poorly monitored. karen, thanks again. and this, of course, gives washington an opening now. many lawmakers already yesterday saying we need more financial regulation. we'll see if they get it from here. overseas news, the cease-fire in syria is under new strain today after a horrific bombing ripped through the capital city. two suicide car bombers killed at least 55 people yesterday. and wounded almost 400. nbc's chief foreign correspondent richard engel reports the attack may only
undermine the rebel movement and strengthen the resolve of the government. >> reporter: the first bomb drew in the crowds. then a second killed them. this doesn't look like a pro-democracy uprising but like baghdad on a bad day. two suicide bombers in vehicles targeted an intelligence compound in damascus with a ton of explosives. the crater, ten feet deep. many images too graphic to show. the attack bolsters the government's claim that it's fighting terrorists, not pro-democracy campaigners. just after the bombing, supporters of president bashar al assad talk to the streets to back him. in this chaotic mix, u.n. monitors, unarmed, appealing for calm. >> this is going to create more suffering, for women, children, the syrian people. it is not going to solve any problems. >> reporter: by phone an activist in hiding denied that the so-called legitimate
opposition was responsible. >> the army made an announcement and it declared clearly that it is not behind these explosions. >> reporter: so who did it? experts believe it was the work of islamic militants. they've been pouring in to syria to fight the government. but today's bloodbath may have played right into assad's hands. >> nbc's rich and engel reporting for us. u.s. ambassador to the u.n., susan rice, says it's too early to tell if the truce in syria is falling apart. although it looks pretty clear there. she says the violence yesterday provides a quote great example of why the u.s. is not prepared to arm the rebel forces and add more weapons to the fight there. still ahead here this morning on "way too early" it's starting to get ugly at fenway, where josh beckett, the new target of frustrated fans after he was seen out golfing while he millsed a start due to a reported back injury. he was back on the hill last night. we'll have highlights in sports. plus mitt romney challenges
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heavy rain exiting houston and galveston, heading to beaumont, port arthur. a lot of nasty weather in texas yesterday. some of this will pass into louisiana today. and it looks like we'll get another round of strong storms. eventually this afternoon, too. so watch out, dallas-ft. worth, back into san antonio. you get a break this morning, and then more rain and storms later on today. we're talking some hefty rain totals possible. as much as two to four inches of rain. now, as far as what we're dealing with throughout the middle of the country, besides texas and oklahoma, there's a little cold front with some showers up around minnesota. eastern seaboard is looking clear and beautiful. temperatures are slightly cool out there this morning in new england, but this afternoon, willie, fantastic. temperatures getting up into the mid to upper 60 frst philly, southward to d.c. talking mid 70s today. all of the eastern seaboard is dry, with a good deal of sunshine included in that. ohio valley, all the way through the great lakes. now through the weekend, as far as the only problem spots, willie, i think the worst of it is going to be on mother's day from mississippi to alabama, back newspaper the southern portions of the ohio valley.
the east coast is actually going to hold onto good weather. if you're in new england, some clouds may increase late in the day. i think the only people that have to worry about getting rained out would probably be tennessee, kentucky, a few spots, and you know it's not going to be horrible. that's the only problems. otherwise, east coast, west coast, thumbs up all weekend long. >> all right, bill, good job. you finally got one. appreciate it. we'll see you. let's turn to sports now in the nba. the east top-seeded chicago bulls, which became the top-seeded name only after nba mvp derek rose is lost to a knee injury in game one of their opening round series, trying to stay alive against the eighth seeded philadelphia 76ers. sixers looking to close out the bulls last night in the philly in the fourth quarter, seven seconds on the clock, bulls up one, asik misses both of his free throws. iguodala drives the length of the court and is fouled on the lay-up. iguodala, a 45% free throw shooter in the fourth quarter hits both shots to give the sixers a one-point lead. with two sefkds on the clock,
bulls, one last chance heave the shot by watson, does not go. philadelphia eliminates chicago in game six by the score of 79-78. 76ers first trip to the second round of the eastern conference playoffs in almost a decade, since 2003. lakers looking to close out their series against the nuggets in denver, kobe bryant was suffering from a stomach bug. is he sleeping right there? not playing 100%. lakers sluggish from the start. a few minutes into the first, a three from the corner, two possessions later, ty lawson from behind the arc, the nuggets scored 13 straight points before the lakers even got on the board. third quarter lakers frustration on the fast break kobe fouls hard from behind. kobe given a technical foul. he did have 31 points despite being sick. nuggets win 113-96. so yes, there will be a game seven tomorrow night in los angeles. celtics up 3-2 on the hawks going into last night's game sixth.
kevin garnett puts the celts up by nine. playing with some extra motivation. i'll explain that in a moment. hawks would come back to take a one-point lead with a minute to go. garnett again with the fade away. celtics win 83-80 eliminating the hawks in six games. the celtics move on. garnett finished with 28 points and 14 rebounds. a huge game for him. the source of his inspiration, atlanta hawks co-owner michael gearan junior who rn wednesday complained about the lack of fouls. quote, we don't get any calls which i know everybody always hears. last night we were playing this old, physical team. they are old. i know it happens when you play bass get call, old guys foul. garnett is the dirtiest guy in the league. they had two fouls the whole first half. we had five times that and we're athletic. garnett took time during last night's game press conference to thank him for the motivation. >> thank you to the owner for giving me some extra gas tonight.
my only advice to him is next time he opens his mouth, actually know what he's talking about for his xs and os. >> there you go the celtics are moving on. baseball, rangers and orioles playing a doubleheader. in the second game, josh hamilton follows up his four home run performance with a two-run home run. he leads the majors now 15 home runs, 38 rbis. in the national league, washington and pittsburgh the nats looking to end a three-game skid and they turn to the young gun stephen strasburg. he strikes out presley looking. six innings, 13 strikeouts. his third win as the nats beat the pirates. in boston there's some controversy surrounding josh beckett. on wednesday a local radio station reported beckett was seen golfing last week after it had been announced that he would miss his start on saturday because of a back injury. that story has been the talk of boston sports radio for the last few days and yesterday beckett
had a chance to take the mound for the first time since the incident hoping to silence his critics. he did the opposite. beckett lasting only 2 1/3 giving up seven runs including this solo home run in the third. when he was pulled by bobby valentine he was met by a chorus of boos from the red sox fans. red sox lose 8-3. after the game beckett was asked for the first time about the controversy. >> do you have any regrets that, you know, it could have, it could have, you know, hurt you because you did have -- >> my off day is my off day. >> the reaction of the fans when you left the game, do you think that was more directed at you? do you think it was more directed at the poor performance of the team recently? >> it was directed at me. i'm officially [ bleep ] that's what happens. my fans. >> josh, given that you were set to start do you think that people have a right to question why you were playing golf when the team said -- >> it's my off day.
>> do you understand the perception that leaves when the team is playing as poor as it has? >> we get 18 off days a year. i think, i think we deserve a little bit of time to ourselves. >> the red sox, by the way, now 7 1/2 games out of first place. sitting in last place in the a.l. east. one last note, tomorrow night huge, huge game. got to catch game seven, rangers and capitals. they're playing at 7:30 eastern time in madison square garden. all of your hockey playoff action is on nbc. coming up at the top of the hour on "morning joe" president obama hangs with hollywood's a-list including studio city and leaves town with $15 million. we'll assess the presidential race a day after the president's announcement on gay marriage with our morning show crew. and when we come back here we'll huddle around the water cooler to watch the tradition that truly is unlike any other, indian baby tossing.
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in studio city, california. hollywood, as you may know, almost completely democratic and particularly fond of this president. if you want to found smart tell your friends in 2000 they barack obama received $9.2 million from people working in the entertainment industry. in the same cycle hillary clinton brought in $3.5 million, and republican nominee john mccain earned $1.2 million. mostly, we believe, from jon voight, who at last check was the only conservative in hollywood. the president will hold another fund-raiser next week in new york city. with ricky martin. enough of the real news. let's huddle up around the water cooler to watch mitt romney challenge president obama to a good, old contest of outdoor sporting. romney says he may not be the best golfer in the world but by golly, he put a pair of water skis on him and look out. >> i don't think i'll play the president a round of golf but i'll be happy to take him to a water ski course. i mean, we have different skills and different interests and different hobbies. i must admit that my kids and my grandkids are my hobby. and consume a lot of my interest
and attention. but, people are going to get to know me better. and you know, ann says there's a wild and crazy guy locked up inside of me. >> she has said that. >> now and then i let him out. >> how great would that be to see them tandem water skiing to the? prince charles, you know about prince charles, the guy over there. he seems to have plenty of free time. he visited the headquarters of the bbc in glasgow, scotland, and was asked to try his hand at forecasting the weather. let's see how he did. >> well, it's an unsettled picture as we head towards the end of the week. this afternoon it will be cold, wet and windy across most of scotland. in the west, rain will be lighter and patchy, maybe a few drier interludes over dumb fries heights. ah-ha. snow for the higher ground of the highlands and aberdeenshire. the potential for a few flurries over balmoral. who the hell wrote this script? as the afternoon goes on. but a cold day everywhere with temperatures of just eight
celsius and a brisk northeasterly wind. thank god it isn't a bank holiday. >> by the way, he was totally excellent. i would watch that guy do the weather. bill karins you're fired. finally to our favorite ritual the world over, proud parents gathering again this year in southern india to hand their babies over to priests who promptly toss them off the roof of the town's temple. the airborne babies caught in a sheet held by men waiting below. we always point out, no baby, no baby has ever been harmed in this procedure. the ritual is believed to make the babies stronger over the course of their lives. and you can watch this all day. they first piqued our interest our few years back with the very first baby toss. this was much higher. okay. that's like a double temple. that's much higher than the one this year. maybe they cut down on the size. maybe there were some injuries we didn't know about. critics say the shocked local officials haven't stopped the custom. dates back centuries.
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we asked you at the top of the show what you're doing up at this hour. john tower has answered. >> kate in alabama, she writes half asleep in my recliner recuperating from a face-lift. >> that is a new one. that is a new one, we don't have sleeping in the recliner due to a face-lift. she cannot physically cannot move her body or her face, has nothing else to to do but watch this show. that's a new demo for us. what else, john? >> i got lynn on the west coast. she writes, just got home from singing elizabethan drinking songs with some fellow performers from the renaissance pleasure fair. >> that's from the west coast? we like the west coast audience rolling in drunk after singing